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Your friend invests and patents a portable ice cream carrier (PCC) which you plan to manufacture as well. You determine the demand function for the product is
Q = 120 - 3P while the cost is TC = 2Q
a. what are your profit maximizing price and quantity for this product? what profits will you make?
Some apartment buildings hold contests, with monetary prizes, among the residents to see who can grow the prettiest garden. Using the concept of positive externalities, explain why it is worthwhile for the landlord to spend the money on these priz..
There is always debate regarding the structure of current income tax system in United State Many opponents of the current system argue that under its current structure,
Should the government set a goal of reducing the marginal social cost of pollution to zero in industries with fixed-production technology? Should they do so in industries with variable technology?
Small firms can discover the abilities of their workers more quickly than large ones because they can observe the workers more closely at a wide variety of tasks. Does it make sense for people with high abilities to go to small firms
Explain how has the introduction of females also minorities in the corporate structure impacted the supply of labor and the economy.
Determine wHich of the following is example of an adverse selection problem and which is a moral hazard incentive problem?
The condition states that, for a currency devaluation tohave a positive effect on trade balances, the sum of priceelasticity of income ( in absolute value ) must be greater thanone.
Under the maturity extension program, the Federal Reserve sold or redeemed a total of $667 billion of shorter-term Treasury securities and used the proceeds to buy longer-term Treasury securities, thereby extending the average maturity of the secu..
Assume her estimated selling price is lower than originally projected. How much revenue would she need in order to earn a positive accounting profits.
Assess the degree of difficulty associated with measuring marginal revenue product for each of the following occupations.
Different races now or likely to be in workforce of the future depends on the US populations racial demographic changes.
What is a budget constraint? How does a budget constraint explainconsumer choices when used in conjunction with indifference curves?Explain what happens if a household looses half of their income,using a budget constraint and indifference curves in y..
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